Fodelia (FODELIA) Q1 2025 earnings summary

Executive summary

• Comparable net sales/revenue from continuing operations grew by 10.3% year-over-year to €13.5 million, despite a 1.6% decline in total revenue due to divestments in 2024.

• Profitability declined slightly year-over-year, but full-year improvement is anticipated due to efficiency measures and higher sales.

• Foodservice market growth was flat, but ready meal sales outperformed the market, and new customer wins are expected to accelerate growth later in the year.

• Major investments in IT, cybersecurity, and sustainability reporting were made, including expanded FSSC 22000 certification.

Financial highlights

• Q1 2025 revenue was €13.5 million (Q1 2024: €13.7 million), down 1.6% due to divestments.

• Group EBITDA was €1.18 million (8.7% margin), down 13.4% year-over-year; EBIT was €0.69 million (5.1% margin), down 15%.

• Profit for the period was €469 thousand, a 15.4% decrease from Q1 2024.

• Earnings per share fell to €0.06 from €0.10 year-over-year.

Outlook and guidance

• Net sales/revenue for 2025 expected at €58–63 million, with operating profit margin to improve versus 2024.

• Revenue growth is expected to accelerate in the latter part of the year, driven by new customer acquisitions and international expansion.

• Long-term targets: €100 million net sales, ROIC above 10%, operating margin at least 10%, net debt/EBITDA below 3.